Ganesh Green Bharat share price today

Ganesh Green Bharat Ltd's share price was ₹177.75 at the close on 6 November 2026. It has been falling for 56 weeks. That is 34.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹178 and ₹442, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ganesh Green Bharat Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running.

Over the last 2.3 years the share price moved −53% while the NIFTY 500 moved −6%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Operating margin down 7 points on a year earlier

   9% in the March 2026 quarter, from 16%.

   Why: Margins fell because aluminum, copper and silver cost record highs, and fixed-price contracts had no clause to pass on higher costs.

   Next results: check if new orders earn the 12-14% operating margin management promised and if the overall margin improves as older lower-margin orders finish.

   From the earnings call on 29 May 2026.

3. Revenue up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹725 crore, +298.4% on a year earlier.

   Why: Revenue rose because solar module manufacturing was the main business, making up 70% of FY26 revenue.

   Next results: check if the NTPC battery storage order starts billing as planned.

   From the earnings call on 29 May 2026.

For January to March 2026 (the quarter ended 31 March 2026), Ganesh Green Bharat reported revenue of ₹725 crore, up 298.4% from ₹182 crore a year earlier, and a profit of ₹42.0 crore, up 147.1% from ₹17.0 crore.

Ganesh Green Bharat results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

Ganesh Green Bharat's management discussed these results on a call held on 29 May 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Ganesh Green Bharat closed at ₹177.75 on 6 November 2026, down 56.2% from ₹405.90 a year earlier (7 November 2025). Its highest weekly close since July 2024 was ₹610.75 on 27 December 2024.

Ganesh Green Bharat share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

130 weekly closes from 12 July 2024 to 6 November 2026.

6 Nov 2026: Ganesh Green Bharat closed at ₹177.75, down 11.7% on the week and down 18.2% on the month. 29 May 2026: Ganesh Green Bharat held its results call for January to March 2026. Management guided: FY27 revenue ₹1,500-1,700 crore (40-59% growth); includes 60% contribution from NTPC BESS EPC order within consolidated mix.

Earlier

• Results for January to March 2026: Revenue up 298.4% and profit up 147.1% on a year earlier.

Ganesh Green Bharat has paid no dividend on the NSE since its first NSE close in our records (12 July 2024), the start of the period we checked.

No. Ganesh Green Bharat Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

On the call for January to March 2026, held on 29 May 2026, Ganesh Green Bharat's management guided: FY27 revenue ₹1,500-1,700 crore (40-59% growth); includes 60% contribution from NTPC BESS EPC order within consolidated mix.

“We have received a significant order of approximately 1 gigawatt hour capacity from NTPC REL, marking an important milestone and reflecting the growing confidence of large institutions in our technical capability, execution strength, and long-term vision”Management, on the call for January to March 2026

What management guided

• Solar module business operating margin 12-14% and profit margin 8-9% on new orders.
• BESS EPC business operating margin 13-14% reflecting higher value-add vs pure module supply.
• Consolidated profit margin improvement 1-2% in FY27 to reach 8-9% range (vs 7% FY26)
• Solar module capacity utilization goal 85% FY27 on 1.1 GW base (vs 76% FY26); 2 GW capacity expansion accelerated from prior 2027 plan to FY26-27.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 29 May 2026.

When Ganesh Green Bharat reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: NTPC BESS revenue realization: ₹900 crore (60% of ₹1,496 crore contract) goal for FY27 per guidance verifiable against January to March 2027 billing and cash conversion; execution pace against 12-month March-March timeline starting March 23, 2026.

Ganesh Green Bharat is not on any of our India lists this week.

Ganesh Green Bharat Ltd earned ₹42.0 Cr of net profit in the Mar 2026 quarter, +147.1% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹75.0 Cr. Over 5 years profit has grown 60.7% a year on average. That is 5.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹15.0 Cr.

For the full year, FY26 profit was ₹75.0 Cr (+150.0% on the year before).

Why profit moved: revenue changed +298.4% on a year earlier and the margin moved −7.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +100.0% and revenue +160.8%. Profit is growing slower than sales: rising costs are taking part of the growth.

Ganesh Green Bharat Ltd reported ₹725 Cr of revenue in the Mar 2026 quarter, +298.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 66.6% a year on average. The last full year, FY26, came in at ₹1,064 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,064 Cr, +234.6% on the year before.

Recent pace: the last four quarters grew +160.8% on average, against 66.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Ganesh Green Bharat Ltd's operating margin was 9.0% in the Mar 2026 quarter, 7.0 percentage points lower than the same quarter a year ago. Over the last four quarters it has moved −11.0 percentage points. Across 6 years it has been between 9.0% and 21.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −11.4 percentage points on the year while gross margin changed −18.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 13% of Ganesh Green Bharat Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹21.0 Cr of operating cash against ₹75.0 Cr of profit. After ₹16.0 Cr of spending on assets, ₹5.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 13% of profit came in as cash: the cash cycle got 186 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 186 days longer. The next section looks at where the cash is stuck.

Ganesh Green Bharat Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 60 days in FY26, up from −126 days in FY21. It spent ₹70.0 Cr on assets over the last 3 years. Customers take 22 days to pay, and stock sits for 74 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,064 Cr, each day of that cycle ties up about ₹2.9 Cr, so roughly ₹175 Cr is tied up in the business at any time.

FY26: customers took 22 days to pay and stock sat for 74 days, about 2.4 months of sales sitting as stock, for a full cycle of 60 days, longer than FY21's −126.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 74 days. Customers pay about 22 days after that. Suppliers are paid at 36 days. Together that makes the 60-day cycle.

Spending on assets: ₹70.0 Cr over the last 3 years, against ₹18.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Ganesh Green Bharat Ltd's P/E is 5.9×, about the lowest it has ever been. Its usual P/E (the middle reading) is 31.2×, over 2.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +148.9% while the price moved −56.2%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Ganesh Green Bharat Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Ganesh Green Bharat Ltd earned a ROCE of 36% in FY26. That is up from a low of 23% in FY22. Its return on capital used (ROIC) is 6.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.0% net margin and 2.18× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.0% net margin × 2.18× asset turnover × 1.74× leverage (assets divided by equity) ≈ 26.6% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 18.7% − 12.0% = +6.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 18.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 30.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Ganesh Green Bharat Ltd has total debt of ₹52.0 Cr against shareholder equity of ₹282 Cr as of Mar 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.92 in FY24 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in Ganesh Green Bharat Ltd by 3.1 percentage points over 4 quarters, the biggest change among its owners. Foreign institutions now own 0.0% of the company. Domestic institutions moved −2.0 points over the same period, to 0.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −3.1 points over 4 quarters, to 0.0%; Domestic institutions: −2.0 points over 4 quarters, to 0.8%; Promoters: +0.0 points over 4 quarters, to 73.5%.

Why the owners changed: foreign institutions drove it (−3.1 points), together with domestic institutions (−2.0 points). They reduced their stake.

For Ganesh Green Bharat Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.2 out of 100, rank 9 of 10 in Engineering - Turnkey Services, with 47% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Ganesh Green Bharat Ltd scores 50.2 out of 100 against the 10 companies it is compared with in Engineering - Turnkey Services, ranking 9. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 18 + 15.3 + 10.4 + 6.5 = 50.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Ganesh Green Bharat ranks 9 of 10 Engineering - Turnkey Services companies on the 4-Factor Sector Score, with 50.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Engineering - Turnkey Services, all 10 compared on one page.

Ganesh Green Bharat is the 8th largest of 10 Engineering - Turnkey Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: McNally Bharat Engineering Company, K.P. Energy, Goel Construction Company and Sugs Lloyd. Just below it: Supreme Infrastructure India and EMA India.

Engineering - Turnkey Services companies close in size

4. McNally Bharat Engineering Company Ltd ₹1,168 crore
5. K.P. Energy Ltd ₹1,104 crore
6. Goel Construction Company Ltd ₹764 crore
7. Sugs Lloyd Ltd ₹606 crore
8. Ganesh Green Bharat Ltd ₹499 crore
9. Supreme Infrastructure India Ltd ₹499 crore
10. EMA India Ltd ₹43 crore

All 10 Engineering - Turnkey Services companies, largest first

Companies close in size in other industries

2035. Anlon Technology Solutions Ltd ₹499 crore · Miscellaneous
2036. Davangere Sugar Company Ltd ₹499 crore · Sugar
2037. Ganesh Green Bharat Ltd ₹499 crore
2038. RMC Switchgears Ltd ₹499 crore · Capital Goods - Switchgear
2039. Sukhjit Starch & Chemicals Ltd ₹499 crore · Agricultural Processing - Maize

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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